Hi-Tech charged with Rs 37 cr fraud

Fresh charges of Rs 37 crore defraud from 311 persons were levelled by the Hi-Tech Paradise Owners’ Association against the Hi-Tech Group Sunday

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Bhubaneswar: Hi-Tech Paradise Owners’ Association has charged the embattled Hi Tech group with defrauding 311 persons of Rs 37 crores on Sunday.

Shailendra Nath Mohanty, Secretary of the association, said, “We had signed an agreement with Hi-Tech Group for purchase of house in June 2011. As per the deal, the houses should have been delivered to us in 2014. However, the company chief got entangled into scams in 2012 and was sent to jail. We also met officials of the group in 2015 who told us due to deposit of money at the court registry there were no resources for construction of the building. The company officials added if the buyers give money, work will start.”